Tuesday 26 March 2024

Point Of Entry Water Treatment Systems Market is Expected to Enhance $13.42 Billion Revenue By 2030: Grand View Research Inc.

 Point Of Entry Water Treatment System Market Growth & Trends

The global point of entry water treatment systems market size is anticipated to reach USD 13.42 billion by 2030 and is anticipated to expand at a CAGR of 4.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. Rise in awareness regarding water contamination due to lead, bacteria, and chemical, micro-plastic contents is expected to fuel product demand. Other factors driving product demand include growing population, strong economic growth, rising number of household constructions, increasing disposable income, and high product awareness among consumers. The increasing levels of contamination have resulted in the rising product adoption, thereby boosting industry growth. The introduction of new technologies and incorporation of the IoT in the newly launched products are also likely to contribute to market growth. For instance, In March 2023, DuPont launched DuPont Multibore PRO and PES ultrafiltration membranes.

Customers who want to reduce the distress of modules required in water purification systems can use Multibore PRO, which acts as part of a multi-technology approach to water treatment applications in various sectors. Increasing collaboration activities among industry experts and market players are facilitating the introduction of innovative products. Manufacturers are also collaborating with governments of various countries to cater to specific needs based on the water quality and presence of pollutants in the water in the region. For instance, in July 2020, DuPont Water Solutions and Kenya Integrated Water, Sanitation and Hygiene (KIWASH) formed a cooperative project in Kenya to commission the installation of a water filtration system, which will purify drinking water by removing fluoride ions.

Request a free sample copy or view report summary: Point Of Entry Water Treatment Systems Market Report

Point Of Entry Water Treatment Systems Market Report Highlights

  • Based on technology, the reverse osmosis (RO) systems segment held a prominent share of more than 16.2% in 2023 owing to widespread awareness about the RO water treatment capabilities
  • Based on technology, the distillation systems segment is expected to grow at the lucrative CAGR over the forecast period
  • The industrial application segment held the largest market share of 48.6% in 2023. The commercial application segment is anticipated to witness the fastest growth from 2024 to 2030
  • Rising water scarcity and increasing levels of industrial, pharmaceutical, and other hazardous chemical pollutants are augmenting product adoption and installation
  • Asia pacific dominated the industry in 2023 owing to factors, such as increasing construction activities, rising health consciousness, and high awareness regarding waterborne illness
  • In December 2023, Watts formed an agreement to acquire Josam Company, a manufacturer of plumbing and drainage products. This acquisition will expand sales networks and provide increased cross-selling opportunities to the former

Access Press Release@ https://www.grandviewresearch.com/press-release/global-point-entry-water-treatment-systems-market

Point Of Entry Water Treatment Systems Market Report Segmentation

Grand View Research has segmented the global point of entry water treatment systems market on the basis of technology, application, and region:

Point Of Entry Water Treatment Systems Technology Outlook (Revenue, USD Billion, 2018 - 2030)

  • Reverse Osmosis Systems
  • Water Softeners
  • Disinfection Methods
  • Filtration Methods
  • Distillation Systems
  • Others

Point Of Entry Water Treatment Systems Application Outlook (Revenue, USD Billion, 2018 - 2030)

  • Residential
  • Commercial
    • Offices
    • Hotels
    • Restaurants
    • Café
    • Hospitals
    • Schools
    • Other
  • Industrial

Point Of Entry Water Treatment Systems Regional Outlook (Revenue, USD Billion, 2018 - 2030)

  • North America
    • US.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Italy
    • Russia
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia
  • Central & South America
    • Brazil
    • Argentina
  • Middle East & Africa
    • Saudi Arabia
    • UAE

List of Key Players in the Point Of Entry Water Treatment Systems Market

  • 3M
  • DuPont
  • Pentair plc
  • BWT Holding GmbH
  • Culligan
  • Watts
  • Aquasana, Inc.
  • Calgon Carbon Corporation
  • EcoWater Systems LLC
  • GE Appliances

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

No comments:

Post a Comment

Automotive Wrap Films Market to Undertake Strapping Growth By 2030

Automotive Wrap Films Market Growth & Trends The global  automotive wrap films market  size is anticipated to reach USD 28.89 billion by...